private sector

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private sector

that part of the economy concerned with the transactions of private individuals, businesses and institutions (the PERSONAL SECTOR, the CORPORATE SECTOR and the FINANCIAL SECTOR, respectively). The private sector and the PUBLIC SECTOR make up the domestic economy and, together with the FOREIGN SECTOR, make up the national economy.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

private sector

A portion of the economy composed of businesses and households,but excluding government.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
34, Basic Financial Statements--and Management's Discussion and Analysis--for State and Local Governments, introduced government-wide financial reporting and required that the government-wide financial statements, like the proprietary fund financial statements, comply with all private-sector standards issued prior to November 30, 1989, that were consistent with GASB guidance.
Private-sector banks and insurance companies also have been rearranging the field in ways that will determine which players emerge as major providers of services to the pension funds.
GEHA is vitally interested in health-care reform, both on the legislative and private-sector levels.
In the case of automobiles provided for security reasons, private-sector employees must include in income the value of the transportation the employee would have used, absent the security concerns.
Myth # 2: Public-sector benefits are significantly more generous than private-sector benefits.
REITs emerged as significant participants in the latter half of last year, accounting for slightly more than $2 billion, or 14 percent, of private-sector volume.
The Coordinator of ACCI Policy Centre, Mr Olawale Rasheed said the report of the dialogue will be submitted to the relevant governmental authority for action, adding that 'the roundtable unanimously agreed that the existing policy is deficient with a call for a policy conference to inject private-sector perspectives.'
An increase in loans acquired by private-sector businesses shows they are positive about economic growth.
Gallup surveys also show that among unemployed Saudis, seeking a job in the private sector is hardly the preferred option; only 17% would opt for private-sector employment, compared with a solid majority of 81% who would prefer to be employed by the government.
The scheme aims to encourage more private-sector companies to hire Emiratis with higher degrees and diplomas, and offer them professional on-the-job training.
A HEALTH authority's spending on private-sector treatment for its NHS patients has increased by 890% - despite a Welsh Government commitment to curb the costly practice.
Yusuf Al-Lahawi, a private-sector employee, said: "I was so shocked when I learned that the salary hikes announced in the royal decree excluded private sector workers like me that I did not feel like going to work on Saturday.